Employers › Schwab Charles
Recordkeeping fees per participant · Schwabplan Retirement Savings and Investment Plan · plan year 2024
$6.14
Higher than 9% of the 790 plans over $1B that report it.
= $264,318 / 43,060
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251113121430NAL0001050211001, received 2025-11-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251113121430NAL0001050211001, received 2025-11-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-11-13.
Administrative expenses excluding investment management, per participant
$6.14
Higher than 6% of the 1,045 plans over $1B that report it.
= $264,318 / 43,060
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251113121430NAL0001050211001, received 2025-11-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251113121430NAL0001050211001, received 2025-11-13
Administrative expenses per participant
$101.45
Higher than 71% of the 1,076 plans over $1B that report it.
= $4,368,440 / 43,060
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251113121430NAL0001050211001, received 2025-11-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251113121430NAL0001050211001, received 2025-11-13
Administrative expenses as a share of assets
0.049%
Higher than 53% of the 1,076 plans over $1B that report it.
= $4,368,440 / $8,932,117,605
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251113121430NAL0001050211001, received 2025-11-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251113121430NAL0001050211001, received 2025-11-13
Employer contributions per participant
$5,066
Higher than 69% of the 1,135 plans over $1B that report it.
= $218,128,123 / 43,060
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251113121430NAL0001050211001, received 2025-11-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251113121430NAL0001050211001, received 2025-11-13
Employer share of total contributions
31.6%
Higher than 44% of the 1,135 plans over $1B that report it.
= $218,128,123 / $689,488,474
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251113121430NAL0001050211001, received 2025-11-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251113121430NAL0001050211001, received 2025-11-13
Vesting
“Participants are immediately vested in their 401(k) contributions, rollovers, Basic Match, and investment earnings on these amounts.”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 2O ESOP-related feature · 3F · 3J · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251113121430NAL0001050211001, received 2025-11-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE CHARLES SCHWAB CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Plan name | SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Sponsor EIN / plan number | 94-3025021 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Sponsor location | WESTLAKE, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Industry (business code) | 523120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Filing received | 2025-11-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Participants, beginning of year | 44,441 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Active participants | 32,145 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Participants, end of year | 43,502 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Participants with an account balance | 43,060 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total assets, beginning of year | $7,950,669,667 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total assets, end of year | $8,932,117,605 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Net assets, end of year | $8,932,117,605 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total income | $1,782,788,299 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Net income | $981,447,938 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Employer contributions | $218,128,123 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Participant contributions | $419,375,550 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Other contributions (incl. rollovers) | $51,984,801 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total contributions | $689,488,474 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Benefit payments | $796,932,612 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total expenses (incl. benefit payments) | $801,340,361 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Total administrative expenses | $4,368,440 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Recordkeeping fees | $264,318 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Investment advisory and management fees | $4,104,122 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Administrative expenses excluding investment management | $264,318 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Held in mutual funds | $5,672,379,601 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251113121430NAL0001050211001, received 2025-11-13 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251113121430NAL0001050211001, received 2025-11-13 |
Position = column in the DOL layout for form year 2024. Filing 20251113121430NAL0001050211001, received 2025-11-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICESrecordkeeper | 100% OWNED SUBSIDIARY | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $2,750,314 | no |
| CHARLES SCHWAB & CO., INC. | 100% OWNED SUBSIDIARY | 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses; 59 Shareholder servicing fees | $319,890 | yes |
| CREATIVE PLANNING LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $130,966 | no |
| MARINER LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $121,513 | no |
| ENVESTNET ASSET MANAGEMENT INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $112,782 | no |
| MAIN STREET RESEARCH LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $62,562 | no |
| PRIVATE OCEAN | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $55,519 | no |
| DOUGLAS LANE & ASSOCIATES LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $49,416 | no |
| JMG FINANCIAL GROUP LTD | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $48,419 | no |
| COOKSON PEIRCE & CO INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $38,673 | no |
| CORIENT PRIVATE WEALTH LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $37,260 | no |
| HIGHTOWER ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $35,516 | no |
| AT INVESTMENT ADVISERS INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $35,059 | no |
| KOHMANN BOSSHARD FINANCIAL SER | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $34,119 | no |
| TCI WEALTH ADVISORS INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $33,139 | no |
| ASCENSION WEALTH PARTNERS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $30,599 | no |
| BEACON POINTE ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $28,592 | no |
| ARMOR INVESTMENT ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $27,531 | no |
| EP WEALTH ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $25,609 | no |
| RWA WEALTH PARTNERS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $25,418 | no |
| THE COLONY GROUP LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $24,333 | no |
| CERITY PARTNERS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $23,590 | no |
| LONGVIEW FINANCIAL ADVISORS LL | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $22,593 | no |
| INTEROCEAN CAPITAL GROUP LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $21,241 | no |
| WEALTHSPIRE ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $21,165 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251113121430NAL0001050211001, received 2025-11-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,950,669,667 | $8,932,117,605 | 12.3% |
| Participants with a balance | 43,969 | 43,060 | -2.1% |
| Administrative expenses | $3,617,082 | $4,368,440 | 20.8% |
| Recordkeeping fees per participant | $6.18 | $6.14 | -0.6% |
| Employer contributions | $232,824,121 | $218,128,123 | -6.3% |
Prior filing 20240918144905NAL0008057792001, received 2024-09-18; the plan years are contiguous.
Sponsor name as filed: THE CHARLES SCHWAB CORPORATION; SEC registrant: SCHWAB CHARLES CORP (CIK 316709, matched by EIN).